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2103 - 2105 Galilee Avenue,  Zion IL, 60099

(Active)
$400,000
|
8,665 sqft
|
MLS# 11939616
Last Updated: 5/18/2024 9:29 PM
Description for 2103 - 2105 Galilee Avenue Zion, IL 60099
Turnkey Industrial Investment Opportunity in Zion - Don't miss out on this incredible chance to own a highly profitable industrial property in Zion, IL. This commercial building located at 2103-2105 Galilee Ave presents a fantastic cap rate and is fully occupied by long-term, reliable tenants. Built in 1959, this industrial property offers a total building size of 8,665 square feet, with 4 units providing a combined leasable area of 2,000 square feet each. The lot size is 14,588 square feet, providing ample space for parking with 8 spots available. The property is zoned for commercial use and features concrete, steel, and brick construction. With a gross rental income of $39,960 annually and a net operating income of $30,688, this investment boasts a cap rate of 8%. There is also potential for increased rent by adding a second entryway and a bathroom. Located in the desirable north suburban area, this property is conveniently accessible from Route 173 and offers great potential for a variety of commercial, warehouse, or investment purposes. Don't miss your chance to own this profitable industrial investment property in Zion. Contact us today for more information and to schedule a showing.
Price
$400,000
Lake
8,665 (approx)
11939616
Active
Description
Turnkey Industrial Investment Opportunity in Zion - Don't miss out on this incredible chance to own a highly profitable industrial property in Zion, IL. This commercial building located at 2103-2105 Galilee Ave presents a fantastic cap rate and is fully occupied by long-term, reliable tenants. Built in 1959, this industrial property offers a total building size of 8,665 square feet, with 4 units providing a combined leasable area of 2,000 square feet each. The lot size is 14,588 square feet, providing ample space for parking with 8 spots available. The property is zoned for commercial use and features concrete, steel, and brick construction. With a gross rental income of $39,960 annually and a net operating income of $30,688, this investment boasts a cap rate of 8%. There is also potential for increased rent by adding a second entryway and a bathroom. Located in the desirable north suburban area, this property is conveniently accessible from Route 173 and offers great potential for a variety of commercial, warehouse, or investment purposes. Don't miss your chance to own this profitable industrial investment property in Zion. Contact us today for more information and to schedule a showing.
Listing Information
Property Type: Industrial, Business Opportunities, 1 Story
0.3 Acres 8,665 (approx) 1959
1 Aluminum siding,Block,Brick,Metal Commercial
Zion//
Concrete Perimeter
Public
4 Total
Other
Neighborhood
Room Information
Interior Features
Concrete
None
Exterior / Lot Features
Metal, Brick, Aluminum, Block
Composition
100 X 145
COMMR
Driving Directions
Route 173 to Galilee south to buildings
Financial Considerations
04211010190000
$7,345
Listing Price History

Zion Real Estate

Zion is located in Illinois. Zion, Illinois 60099 has a population of 23,719.

The median household income in Zion, Illinois 60099 is $56,014. The median household income for the surrounding county is $91,525 compared to the national median of $66,222. The median age of people living in Zion 60099 is 39 years.

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Courtesy: Keller Williams Success Realty
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/18/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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This content last refreshed on 5/18/2024 9:29 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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